Bolivia Rating Raised by Moody’s as Tension Eases

By Jonathan J. Levin

Sept. 28 (Bloomberg) — Bolivia’s credit rating was raised to B2 from B3 by Moody’s Investors Service, which cited an easing in political tension in the South American country.

“The upgrade was prompted by general improvements to Bolivia’s main debt metrics and the reduction of the still-high levels of domestic political confrontation,” Moody’s analyst Gabriel Torres said in a statement. “Years of above-trend growth and the benefits of external debt forgiveness have significantly improved most of Bolivia’s credit metrics.”

Bolivia’s economy expanded more than 6 percent last year, according to Moody’s. Political violence in the country peaked in September 2008, when confrontations between opposition members and supporters of President Evo Morales left at least 11 people dead. The country is holding presidential and congressional elections on Dec. 6.

Source: Bloomberg.com

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